Oil prices are "taking a breather” at a slightly higher level on Wednesday as a weaker dollar and stronger Asian equities support prices ahead of the publication of US crude inventory data later in the day, players said.
The WTI front month contract in New York was last seen changing hands at USD 68.60/bbl, USD 0.05 firner on Tuesday's close.
On Tuesday, the contract settled down USD 0.03 at USD 68.55/bbl, while the July contract for Brent North Sea crude oil ended the day up USD 0.20 at USD 68.17/bbl.
Oil markets had moved sideways ahead of the US Energy Information Administration&apo
Mittwoch, 3.06.2009, 08:12 Uhr
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